Brazil tax agency, police allege $5 billion corruption at tax offic

Latest: Corruption and Money Laundering'


 

BRASILIA: Brazil’s tax agency said that it and federal police have detected corrupt activities at the agency that could have cost state coffers at least 5 billion reais ($1.57 billion).

The tax agency allegations come on the heels of a probe that has uncovered a multibillion-dollar corruption scandal at state oil giant Petroleo Brasileiro SA, known as Petrobras, which has rattled Brazil’s political establishment and weighed on the country’s fragile economy.

The agency said in a statement that the investigation, which began in 2013, well before current Finance Minister Joaquim Levy took office, indicates “strong

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